Debt Relief – Insolvency – Bankruptcy Information » Debt Relief » How do debt relief companies advertised on Hannity, Limbaugh and Levin work?
How do debt relief companies advertised on Hannity, Limbaugh and Levin work?
My 21 year old son wants to buy a home theater system using a Visa card and he has no intention of paying it back. He’s says that it’s OK because debt relief companies that advertise on shows like Hannity and Rush will fix it for you. It seems to me that someone has to pay for it in the end, but I know that Rush and Hannity would never advocate anything unethical.
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Filed under: Debt Relief · Tags: advertised, Companies, Debt, Hannity, Levin, Limbaugh, Relief, Work
Some of them are scams.
others have two alternatives….
Contact the creditors, and get them to lower interest rate and cancel your credit cards. and put you on a payment plan where you pay the consolidator whihc charges you a monthly account servicing fee whihc is still less than the interest on many credit cards these days.
The alternative plan is to contact the creditor and get them to settle the account for less than is actually owed.